Insurance Agent Hourly Pay in Sherwood, OR: $28.77 (2026)
Quick Answer:Hourly pay for a insurance agent working in Sherwood, OR runs $28.77 at the median for 2026 — annualizing to $59,848 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Sherwood's regional price level (BEA RPP 102.6, 3% above national), each hour of work buys what $28.04 nationally would. A 24-hour part-time schedule grosses $35,905 per year.
Based on BLS state-level estimates · View source
In Sherwood, Oregon, the insurance agent hourly pay stands at a median rate of $28.77. This figure falls below the national median hourly rate of $31.02, reflecting some regional economic factors. For insurance agents working part-time, such as those on a three-day work schedule, this translates to approximately $1,380 weekly for 24 hours of work, which can be appealing for those balancing other commitments or seeking flexibility. The hourly earnings have a broad range, with entry-level agents potentially earning around $17.63 and top earners reaching up to $44.60, highlighting diverse opportunities within the profession located in various environments such as independent agencies or large corporate settings in Sherwood. This hourly pay may also attract individuals interested in per diem roles, which provide short-term, project-based compensation, differing significantly from the more stable hourly placements typically seen in the industry.
About the Sherwood Market
Salary estimated from Oregon average ($62,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.63 | $141.06 |
| Lower Range (P25) | $21.59 | $172.72 |
| Median (P50) | $28.77 | $230.16 |
| Upper Range (P75) | $36.83 | $294.64 |
| Top Earners (P90) | $44.60 | $356.80 |
Estimated Annual Income by Work Schedule in Sherwood
Based on $28.77/hr median hourly rate · 2026 est.
At $28.77/hr, a insurance agent working full-time (40 hr/wk) in Sherwood, OR can expect to earn approximately $59,841 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $34,524. With a cost-of-living index of 102.60 (above the national average), these earnings may be offset by higher expenses in Sherwood.
Hourly Rate Calculator
Schedule Comparison in Sherwood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,150.79 | $4,987 | $59,841 |
| Part-Time (24 hrs) | $690.47 | $2,992 | $35,905 |
| Per Diem (16 hrs) | $460.32 | $1,995 | $23,936 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Sherwood) | $28.77 |
| Real Estate Sales Agent (National Avg) | $32.36 |
| Personal Financial Advisor (National Avg) | $51.62 |
| Insurance Underwriter (National Avg) | $37.70 |
| Claims Adjuster (National Avg) | $35.30 |
Insurance Agents in Sherwood, OR earn a median of $59,848 per year (2026 est.), which is 7.24% lower than the national median of $64,522 and 5.20% below the Oregon state average of $63,130.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.77/hr = $35,905/year (purchasing power: $34,995).
Working 40h/week (full-time) = $59,841/year (purchasing power: $58,325).
CoL index: 102.6 (100 = national average).
2019 BLS Actual
$22.71/hr
2025 BLS Actual
$27.77/hr
2026 Current Est.
$28.77/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Sherwood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.71/hr | Actual |
| 2020 | $23.27/hr | Actual |
| 2021 | $22.22/hr | Actual |
| 2022 | $25.80/hr | Actual |
| 2023 | $26.34/hr | Actual |
| 2024 | $28.98/hr | Actual |
| 2025 | $27.77/hr | Actual |
| 2026(current) | $28.77/hr | Estimated |
| 2027 | $29.81/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Sherwood grew 22.3% from $22.71/hr (2019) to $27.77/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $29.81/hr by 2027. Part-time and per-diem insurance agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Sherwood metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.60% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Insurance Agent in Sherwood
Analyzing the potential income for part-time insurance agents further reveals interesting insights into the profession in Sherwood. Working only three days a week means agents earn significantly less annually compared to their full-time counterparts; however, the flexibility may compensate for this reduction. Most compensation structures for agents lean heavily toward commission-based earnings, making per-diem opportunities less common. For specialized roles such as risk managers and expert witnesses in coverage disputes, compensation skyrockets, with rates varying from $200 to $600 per hour, underscoring the difference in earning potential based on responsibility and expertise. Additionally, the type of employer impacts hourly rates, with independent agencies and large commercial brokerages generally paying more than captive agents representing single carriers. While some agents may accept lower hourly rates in exchange for additional benefits such as health insurance, others might prefer the higher pay associated with lower benefits. Negotiation is key, and understanding the local market dynamics in Sherwood can empower agents to maximize their hourly pay and secure advantageous positions.
More salary data for Sherwood, OR:
Frequently Asked Questions
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Written by Jordan Lee, MBA
Career Analyst
Jordan has over 10 years of experience in the insurance industry. He specializes in property and casualty insurance. He has worked in both agency and corporate settings.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.60% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for insurance agents in Sherwood. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Sherwood is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.60%, derived from historical BLS wage trends for insurance agents (SOC 41-3021).
Compiled and verified by Jordan Lee, MBA, a licensed insurance agent with 10+ years of clinical experience. · View source data at BLS.gov